The core sector index, which has a weight of 38% in the Index of Industrial Production (IIP) grew at 6.7% in November compared to the previous year. The index had grown at 6.3% in October. Growth for the entire financial year so far (April-November), has been 4.6%.
Coal production, which has a weight of 4.3% in the index, grew at 14.5%, the second straight month of double digit growth, indicating a pickup in the mining sector after being engulfed in legal and regulatory hurdles.
Electricity production also witnessed double digit growth for the second consecutive month, growing at 10.2% in November.
Cement and Steel, sectors considered vital for growth of the construction sector showed mixed signs. The former grew at 11.3% after contracting the previous month, while the latter slowed down further to 1.3%.
Natural gas continued to contract, although the pace of contraction has slowed down. After contracting by 9% in July this year, the pace of contraction has slowed down to 2.9% in November.
Crude oil and fertilisers contracted by 0.1 and 2.8% respectively, while refinery products grew for the second straight month at 8.1%.